Question

A and B are two partners sharing profit and losses in 3:2 . Their as on 31 march 2018 were 3,00,000 and 2,00,000. During the year their drawings were 50,000 and 40,000 respectively. Profit 75,000 was credited to them in their profit sharing ratio. B introduced additional capital of 60,000 as on 1 november 2017. Interest on capital @ 10% p.a. was omitted from record. Calculate inerest on capital.

Answer 1

Explanation:

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